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Spain is the second largest country in the EU The territory of Spain covers most of the Iberian Peninsula which it shares with Portugal and also includes the Balearic Islands in the Mediterranean the Canary Islands in the Atlantic Ocean and the North African cities of Ceuta and MelillaIn the north it is bordered by the Cantabrian Sea France and Andorra in the east and south-east by the Mediterranean in the south by the Straits of Gibraltar in the south-east by the Atlantic in the west by Portugal and in the north-east by the AtlanticThe temperate in Spain is clear hot summers in the interior more moderate and cloudy along the coast cloudy cold winters in the interior partly cloudy and cool along the coastThe terrain of Spain described as large flat to dissected plateau surrounded by rugged hills Pyrenees in the northSpain is one hour ahead of London time with the exception of the Canary Island which is in the same time zone as LondonCastilian Spanish 74 Catalan 17 Galician 7 Basque 2Spanish is the official language which is used along with other official regional languages such as Catalan Basque Galician and Valencian in their respective autonomous communities English is the main foreign language studied at school0-14 years15 male 3012907 female 283545515-64 years68 male 13411046 female 1340621665 years and over17 male 2702654 female 3799468 1999 estSpain is very dynamic country and has achieved high economic growth rates surpassing the average of other industrialized countries Sixty million tourists visit the country each year International organizations recognize and endorse the improvement in the Spanish economy as the country shows a projected GDP growth of 37 percent for 1998The operations in the Spanish financial system can be classified as follows The Bank of Spain Banco de Espana is the central issuing bank It implements the monetary and exchange policy set forth by the Government and provides payment services with respect to the national debtAround 50 foreign banks
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